OBC Car Loan Eligibility

Eligibility for Car Loan

This category includes salaried doctors, CAs, Govt Employees and private limited companies such as public sector undertakings and central, state and local bodies.

You should:

Minimum age for Salaried is 21 years and Maximum age = 60 years

Minimum Job Experience at least 2 years, and a minimum of 1 year with your current employer

Earn at least an income of Rs. 1,80,000 annually, including the income of your spouse/Co-applicant.

Eligibility Criteria for Self-employed Individuals

This category includes self-employed sole proprietors in the business of manufacturing, trading or services.

You should:

Minimum age for Salaried is 21 years and Maximum age = 65 years

Be in business for at least 2 years

Earn at least Rs. 60,000 per annum if you are looking to buy a standard car and at least Rs. 1,00,000 per annum for mid-sized and premium cars.

Have a telephone at residence / Post Paid mobile connection

* Interest rate can vary as per individual’s portfolio. * All loans repayment period are over 6 months. No short term loans. * Credit at sole discretion of the Banks we have a tie-up with.* The Organisation do not charge money from customers.